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Oxley's 4Q earnings more than treble to $138 mil on one-off other gains

Stanislaus Jude Chan
Stanislaus Jude Chan8/26/2018 09:56 PM GMT+08  • 2 min read
Oxley's 4Q earnings more than treble to $138 mil on one-off other gains
SINGAPORE (Aug 26): Oxley Holdings saw its earnings more than treble to $137.7 million for the 4Q18 ended June, from $41.5 million a year ago.
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SINGAPORE (Aug 26): Oxley Holdings saw its earnings more than treble to $137.7 million for the 4Q18 ended June, from $41.5 million a year ago.

The surge in 4Q earnings was mainly due to other gains, including fair value gain of $111.2 million comprising mainly of gain on revaluation of Chevron House, reversal of fair value loss on financial instrument of $24.2 million, and gain on sale of an investment property in Ireland of $20.2 million.

This brings full-year earnings for FY18 to $285.0 million, some 31% higher than $218.1 million a year ago.

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